Allen Company acquired $100$ percent of Bradford Company's voting stock on January $1,2020,$ by issuing $10,000$ shares of its $$10$ par value common stock $($having a fair value of $$15\mathrm{.}50$ per share$).$ As of that date, Bradford had stockholders' equity totaling $$112,500.$ Land shown on Bradford's accounting records was undervalued by $$11,500.$ Equipment $($with a five$-$year remaining life$)$ was undervalued by $$9,000.$ A secret formula developed by Bradford was appraised at $$22,000$ with an estimated life of $20$ years.

The following are the separate financial statements for the two companies for the year ending December $31,2024.$ There were no intra$-$entity payables on that date. Credit balances are indicated by parentheses.

$\backslash$table$[[$Accounts$,$Allen Company,$\backslash$table$[[$Bradford$],[$Company$]]],[$Revenues$,$$$(635,000),(191,250{)}^{\text{\$}}$